PrimeXM Reports 10.67% YoY Jump in July’s Trading Volume

PrimeXM, an award-winning technology provider to the global financial industry, has released its trading volumes for the month of July across the 3 major Data Center locations, revealing a slip in many trading metrics compared to the prior month.

More specifically, the company registered a total trading volume of $1.04 trillion, 10.67% higher than the previous year’s $939.35 billion. The Average Daily Volume (ADV) for the month reached $47.26 billion, compared to the previous month's $47.31 billion. Moreover, the number of trades decreased to 30.64 million from last month’s 34.56 million trades.

PrimeXM maintains three major data centers: LD4, NY4 and TY3. The one in London recorded $796.11 billion in notional trading volume in June. The Data Center in TY3 has returned to the 2nd largest data center location in terms of trading volume processed with $125 billion. That number for NY4 was $118.50 billion.

XAUUSD has remained PrimeXM's most popular instrument in July with a total trading volume of $271.50 billion. Major FX pairs EURUSD and GBPUSD took the 2nd and 3rd places with trading volumes of $139 billion and $123.6 billion respectively.

As Fazzaco reported earlier, PrimeXM has added a new trading data center in Singapore​ to further expand  its technology services in Asia. And Singapore are now PrimeXM's fourth major global foreign exchange trading location together with  London, New York, and Tokyo.